Paying for college is harder, or just more confusing, than I thought…

The first official bill (I believe that “Accounts Receivable Statement” is the genteel term) of AJ’s Tulane career arrived. Everything seemed to be in order – tuition, dorm, meal plan, those interesting fees all colleges seem to have. Even better, the scholarship that allows this amazing adventure was conveniently subtracted from the aforementioned costs. I also noted that two of the scheduled periodic payments to cover what the scholarship doesn’t were applied to the balance.

tulane

The institution currently confusing the author (not that that’s particularly difficult).

So, all is well in the land of Accounts Receivable, yes? No. I noticed the remaining balance and then the due date. A due date that is a few weeks prior to the next periodic payment. We were going to be short by, amazingly enough, the amount of one of those periodic payments. Finance charges will be applied if the balance is not paid by this date yadda yadda yadda…

Since the university suggested making periodic payments and I assume they talk with the company that handles the details for them (I know, I remain an optimist, experience to the contrary) you’d think the due date and the periodic payment dates would line up. Apparently not.

I’ll be calling Tulane on Monday and hope to get a better understanding of how all this is supposed to work.

2 thoughts on “Paying for college is harder, or just more confusing, than I thought…

  1. Pingback: Paying for college is harder, or just more confusing, than I thought… | Commander Spork

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s